First BELLIN customer goes live with SWIFT gpi for corporates
BELLIN has announced it has successfully integrated SWIFT gpi for Corporates (g4C) technology in its tm5 treasury management system. BELLIN client Darling Ingredients has gone live with g4C and has processed the first g4C payments in tm5, together with J.P. Morgan Chase. The company says that this makes it the first treasury management system provider among the SWIFT g4C Early Adopters to offer and successfully implement this method of exchanging cross-border corporate payment messages directly from a treasury management system.
SWIFT gpi for Corporates is a multi-bank payment tracking solution that enables corporates to achieve complete visibility of the status of all their cross-border payments in real time. The key feature of the solution is the standardised tracking of payments across different banks by SWIFT.
Release 19.1 of tm5 by BELLIN, rolled out in April 2019, now technically supports SWIFT g4C technology based on MT101 messages. Support for ISO 20022-based messages for bulk payments from ERP systems that contain a unique tracking reference (UETR) will follow later this year.